Justin Mitchell
A committee of Los Angeles County Employees Retirement Association’s Board of Investments approved staff-recommended changes to the $58.8 billion fund’s secondary and co-investment programs, aimed at giving LACERA more options in the private markets. Staff recommended doubling the amount Chief Investment Officer Jonathan Grabel can spend on secondary purchases without board approval from $100 million […]
California Public Employees’ Retirement System staff is considering hiking the pace of its private equity commitments in coming years, according to a report presented to the pension’s investment committee on Monday, and is considering several options for how to do that. Staff committed $6.7 billion to 17 funds and one separate managed account in FY19, […]
Washington State Investment Board’s private markets committee recommended $450 million in private equity commitments ahead of the full board’s meeting next week. The recommendations were: • $200 million to Insight Partners XI, a private equity fund managed by Insight Partners with a $7.25 billion target, as reported by sister publication Private Equity International; • $250 […]
Massachusetts Pension Reserves Investment Management Board approved $175 million in private equity commitments at its meeting Thursday. The board approved the following allocations: • $75 million to Georgian Partners Growth Fund V, managed Georgian Partners, an $850 million growth equity fund that will target investments in high-growth software companies expected to close in the fourth […]
Teachers’ Retirement System of Illinois announced $350 million in private equity commitments at its Board of Trustees meeting Friday, the fund said. The commitments were: • $75 million to Arlington Capital Partners; • $75 million Aurora Capital Partners; • $200 million to Carlyle Group. The Arlington and Aurora allocations represent new relationships, while Carlyle already […]
New York State Teachers’ Retirement System made commitments to nine private equity funds in the second quarter, according to documents released ahead of Wednesday’s July board meeting, totaling about $522.4 million. Among the new commitments: up to $100 million to Amulet Capital Fund II; up to $75 million to CapStreet V; up to £23.1 million ($28.1 […]
Federico Schiffrin is a private equity partner with Unigestion, a Switzerland-based investment manager with $23 billion in AUM, where he runs the firm’s direct investments in the United States. We sat down with him recently to get his thoughts on family offices and independent sponsors. What is it like working with family offices? There are two things […]